The 27th United Nations climate summit established a "loss and damage" fund which would be paid for by developed countries in order to compensate developing countries affected by climate change. In response to the disagreement on the question of which countries are responsible for climate change and how much they should pay as a result, Volume XLVI staffer Lillian Wang argues that this allocation of responsibility by country is likely unproductive as it tends to lead to comparisons and blame-shifting. This post explores an alternative solution of a global carbon tax via international tax treaties.
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